Youngsville Volunteer Fire Department Inc

Analysis

Youngsville Volunteer Fire Department Inc is a registered charity in United States, based in Youngsville, NC. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Youngsville Volunteer Fire Department Inc reported income of $2.7m and spending of $2.4m, spending 89% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $2.1m to $2.7m (+31%), an average of +9.4% a year. Over the whole period it spent 85% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Youngsville Volunteer Fire Department Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Urban Association of Forestry and Fire Professionals Inc ($2.7m), Townsend Fire Company ($2.7m) and Brookfield Volunteer Fire Company Inc ($2.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $6.1m against liabilities of $1.7m, net assets of $4.5m. It reported 55 employees.